Second Half Financial Partners LLC Acquires Shares of 1,679 Palantir Technologies Inc. $PLTR

Second Half Financial Partners LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,679 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new stake in shares of Palantir Technologies in the 1st quarter worth about $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth about $27,000. 1248 Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth about $27,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth about $31,000. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLTR. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a “sell” rating to a “hold” rating and increased their target price for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Finally, Piper Sandler set a $182.00 target price on shares of Palantir Technologies in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $140.22.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $175.44 on Friday. Palantir Technologies Inc. has a 52-week low of $40.36 and a 52-week high of $190.00. The company has a 50-day simple moving average of $171.32 and a 200 day simple moving average of $140.05. The company has a market capitalization of $416.20 billion, a PE ratio of 584.82, a price-to-earnings-growth ratio of 9.51 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 81,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total transaction of $12,512,070.00. Following the completion of the sale, the insider owned 431,169 shares in the company, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $186.39, for a total transaction of $149,112.00. Following the completion of the transaction, the director owned 62,087 shares of the company’s stock, valued at $11,572,395.93. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,591,085 shares of company stock valued at $244,714,146 in the last three months. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.